Byju’s Latest Funding News
Byju’s, one of the leading and most valuable edtech companies, valued at $16.5 billion, has reported its revenues for 2019-20 at Rs 2,434 crore while its Indian competitor Unacademy is worth only $3.5 billion. Byju’s revenue has increased to 81 per cent over the previous financial year. The company reported a net profit of Rs 51 crore in 2019-2020 which is a 152 per cent increase from the last financial year.
The company's expenses in the current financial year were Rs 2,383 crore. Byju's founder, Chief Executive Officer Byju Rajeendran, holds 50.34 percent. Riju Ravindran holds 20.15 per cent. Divya Gokulnath is Byju Raveendran’s wife and holds 10.64 percent.
Byju's foreign currency earnings were Rs 306 crore for FY20, compared to Rs 168 crore for FY19.
As the global pandemic has increased the popularity of online education, the company is currently on an acquisition spree both in India and worldwide. While schools and offices are closed, students and professionals are seeking to improve their skills. Sources say that the start-up purchased six companies in India and the US in this year's fiscal year. It spent more than $2B in six months on these acquisitions.
Vedantu Latest News
Vedantu, one of the leading pioneers in LIVE Online Learning have introduced V-Nurture and Super School, which are unique programs that allow students to develop their skills as well as enrich their lives. V-Nurture and Super School are designed by industry professionals and academicians to unleash a student's hidden potential beyond academics. The program offers extra-curricular activities to students in kindergarten through grade 13. It includes a range of curricular activities from career counseling, financial literacy, career counseling to workshops for parents and students.
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V-Nurture offers students in grades 6-13 the opportunity to improve their 21st century skills such as personality development, public speaking and critical thinking. Super School offers live master classes in yoga, storytelling and arts, crafts, STEM, general awareness, and many other subjects, starting at kindergarten through grade 8. All students have free access to top-quality extra-curricular and cocurricular content, taught by experts in their respective fields.
For more updates on latest funding news on Byju’s and Vedantu visit Entrackr.
